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a fiscal cliff deal. and he says it's doable. tonight's market monitor guest is not scared off by cliff worries. he's buying stocks, saying the markets will do well in the new year. he's richard steinberg of steinberg global asset management. and warren buffett, the oracle of omaha has plenty to say on taxes and the fiscal cliff: we talk with his long-time friend and "fortune" magazine journalist carol loomis. that and more tonight on "n.b.r." some straight talk from president obama tonight about the fiscal cliff. speaking to reporters from the white house he said he's ready and willing to get a comprehensive package done, but it's up to republicans and democrats to make it happen. >> nobody gets 100% of what they want. everybody has to give a little. >> susie: the president also proposed a smaller package that prevents taxes for 98% of americans from going up and for unemployment insurance to be extended. he pressed lawmakers to agree on this in the next ten days. darren gersh has details. >> reporter: one day after the collapse of efforts to avoid the fiscal cliff, all sides were spea
closer and closer to the end of the year with no fiscal cliff deal in sight. and as a result, consumer sentiment is falling off a cliff, just like the fiscal cliff we're going to fall off so we've got a problem on our hands and couldn't happen at a worse time and today, super saturday, the second busiest day of the year. >> brenda: well, a lot of retailers are saving the big discounts until right at christmas and after. if consumers know that, maybe they're waiting, too? >> that's right. a lot of us are procrastinators and haven't started our shopping and a ways to go. you retail holiday season ends on january 31st, not december 31st or december 25th. retailers close their year end books at the end of january and so there's still time, we're going to get a deal on the fiscal cliff, i'm sure of it and there's time for retailers to have great sales for for consumers to go out there and buy stuff and we could have a boom in january. >> brenda: the optimistic, but procrastinating susan and maybe why you haven't received your gift yet. do you buy her math there? >> susan sounds like preside
't say anything about the debt limit and this is one of the things he wanted in this fiscal cliff deal. by leaving that out, are we in for another big fight next year? >> it certainly looks like it. it seems to be-- and i've heard this from many people-- that republicans think that the debt limit is their best leverage to get deep spending cuts. they didn't want to give it up in these negotiations. it certainly-- it looks like it's too radioactive to deal with in the next 10 days. so beginning in january and february, we're going to have a fight over the debt limit. and we're going to have a fight over spending, and it looks like we're going to have fight over the debt limit for the next couple years. >> one of the things the president said is there are real-world consequences-- his words-- in the whole debate. from the people you talk, to average americans, it seems like they get it. do you think congress gets it? >> i think they get it, but in many ways-- many of them get it, but it's hard to talk for all of them, but many of them also get the real-world political issues. they see ta
the fiscal cliff and no deal in site. tonight president obama urged congress to broker a scaled down deal. >> i just speak to speaker boehner, and i also met with senator reid. in the next few days a asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house speaker john boehner failed to garner enough support from his own party to even hold a vote on his plan to raise taxes for those with an income over $1 million. >> while we may have not been able to get the votes last night, to avert 99.81% of the tax increases, i don't think they weren't taking that out on me. they were dealing with the perception that somebody might accuse them of raising taxes. >> "outfront" tonight, chief white house correspondent jessica yellin and dana bash. ladies, nice to see both of you. jessica, we'll start with you. the president's message was short a
toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really startingo recover and starting to see optimistic signs and we have seen actually some upside to from a wole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: presdent obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they went from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still faceis share of heat for washington this function to may point republicans are hammering. >> the u.s. economy is estate here. mil
santa if a deal isn't reached on the fiscal cliff. actually it is on the way. there it is. "the a-team" taking up that and more. john fund, judith miller, stephen hayes, joins us next. lou: a lot to talk about with "the a-team." "the american spectator" senior editor, john fund joins us. pulitizer prize winning junenalists fox news contributor, judith miller. stephen hayes, "weekly standard", fox news contributor. thanks for being here. let's begin with john kerry. are you excited about the presumptive secretary of state? >> i think he was made for this job. if you can't be president i think john kerry wanted to be secretary of state. he wanted it before hillary clinton got the job. he has been running around the globe trying to be a pseudo secretary of state. now he has got the job. i think he is fine choice considering this administration is the most centralized administration when it comes to making decisions on foreign policy. the president makes them at the white house. so he can travel and have a good time. lou: it was a little strange today. kerry didn't say anything while
some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the pone to speaker john boehner this afternoon. he also had mjority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. that would be the step by scratch in t
to avoid going over the fiscal cliff. congress taking off for their christmas break without striking a deal, leaving them days when they return. the president and the house speaker, john boehner encouraging both sides to try to get the job done. >> president barack obama: we move forward together or don't move forward at all. so, as we leave town for a few days, to be with our families, for the holidays, i hope it gives everybody perspective. >> we proposed plans over and over again, the democrats used to support, but now they won't. i don't want taxes to go up. republicans don't want taxes to go up. but we only run the house and democrats continue to run washington. >> rick: a democratic political consultant, former advisor to hillary clinton's 2008 presidential campaign, and a former media spokesperson for president george w. bush. welcome to you both and what a mess. mercedes, if you are speaker boehner, do you want to sit back and let the president and democrats on the hill run this show? >> well, unfortunately, that is the only option left, at this point the fate of the fiscal cliff li
a deal with the democrats, but he has a plan b fiscal cliff proposal and let's bring in jonathan allen and third way resident fellow bill schneider. i want to start with you. you wrote an article titled revenge of the purged, and you basically were saying in your article, jonathan, that the three amigos that spooker boehner stripped out of their positions and we see them on the screen, what beef did they have? was it simply because they were stripped of their titles? >> look, i think there's a fundamental divide between them and not only speaker boehner with a lot of the republican conference. these guys lost their assignments voting against republicans a lot, but also members of the republican steering committee that led the committee led by speaker boehner have basically said that these guys have gone to another level of trying to hurt the team over the last couple of years and that's why they lost their community assignments and there were profane words used to the way they comport themselves and as a result these guys were free of any tether to the leadership and so not only were t
. boehner's plan b gimmick failed big time last night at this point a fiscal cliff deal with boehner's members would probably require divine intervention. >> how we get there, god only knows. but all i've done is -- eric and i and our team here are committed to working with our colleagues on both sides of the aisle, both sides of the capitol and the white house to address it. >> after a day with dealing with humiliation, boehner hit the gavel and sent his members home for the holidays. there will be no deal this weekend. then boehner took the walk of shame out of the capitol. it's unclear whether he will be the speaker in the new year. it was the same sad walk many house members took last night when they couldn't get their own folks to vote on boehner's plan b. republican leaders can't strike a deal with their own members. how will they strike one with the president of the united states? boehner was scrambling for excuses today. >> you know, one of my colleagues the other night had an analogy of 100 people drowning in a pool and that he was a lifeguard. and because he couldn't save a
of a fiscal cliff deal led the stock market to take a big hit on friday. you see it there, the dow was down nearly 121 points for the day. but in the end, all three key indices actually ended up slightly for the week. >>> now, there are just ten days left to salvage a deal on the fiscal cliff where you, i, and everyone else will be paying much higher taxes. president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the deta
tonight. president obama tells republicans and democrats they have ten days to work out a fiscal cliff deal. and he says it's doable. tonight's market monitor guest is not scared off by cliff worries. he's buying stocks, saying the markets will do well in the new year. he's richard steinberg of steinberg global asset management. and warren buffett, the oracle of omaha has plenty to say on taxes and the fiscal cliff: we talk with his long-time friend and "fortune" magazine journalist carol loomis. that and more tonight on "n.b.r." some straight talk from president obama tonight about
and democrats they have ten days to work out a fiscal cliff deal. and he says it's doable. tonight's market monitor guest is not scared off by cliff worries. he's buying stocks, saying the markets will do well in the new year. he's richard steinberg of steinberg global asset management. and warren buffett, the oracle of omaha has plenty to say on taxes and the fiscal cliff: we talk with his long-time friend and "fortune" magazine journalist carol loomis. that and more tonight on "n.b.r." some straight talk from president obama tonight about
on the edge of a fiscal cliff after a breakdown in talks on reaching a deal. president obama and lawmakers have left town taking a few days off for their christmas health. then it's back to the drawing bord and with budgeted talks in disarray, president obama and speaker john boehner are searching for a way to avoid tumbling over. >> we move forward together or we don't move forward at all. so, as we leave town for a few days to be with our families through the holidays. i hope it gives some perspective. >> we propose plans that democrats used to support but now they won't. i don't want taxes to go up. republicans don't want taxes to go up. but we only run the house, democrats continue to run washington. >> gregg: national correspondent steve centanni joins us live from washington. >> reporter: d.c. may be some shutting down for christmas but the clock hasn't stopped and fiscal cliff is closer than ever. no deal was reached this week to keep taxes from going up. joan boehner pulled plug on the plan "b" and he says it is now up to the president and g.o.p. is continuing to hammer away at pre
street. no deal on the fiscal cliff on this final friday before christmas. negative reaction from investors as the president speaking moments ago tries to calm the fray. plus, president obama making it official. >> i'm very proud to announce my choice for america's next secretary of state, john kerry. >> the president calling on the veteran massachusetts senator to fill secretary clinton's spot. plus in the wake of the new town shooting the national rifle association breaks its silence. >> out of respect for the families and until the facts are known, the nra has refrained from comment. >> harris: and the group's ceo placing some blame. >> we have flood soaked films out there. vicious, violent video games. >> and the nra offering a proposal, an armed officer in every single school in america. also, mexican police locked up this former u.s. marine months ago, accused him of trying to bring a gun into the country. >> a lesser person would have pleaded guilty. >> they chained him to a bed and reportedly threatened his life. but this marine stayed strong. and now time finally to come
double. it's just one more thing to worry about as we wait to find out if a fiscal cliff deal will get done. >>> singer and actress barbra streisand has a new movie called "guilt trip." she recently spoke with piers morgan about politics, acting and making peace with her mom. >> what have been the proudest moments for you with obama? i imagine one of them is when he came out so vocally for gay rights finally. >> absolutely, that's great. >> what else? >> what else has he done are you saying? >> yeah, that you're particularly proud of. >> his stance for women. women, the power of women or not allowing just for that one reason in my show i would say i'm not going to tell you, i would say i'm not going to tell you who to vote for but if you want clean air, you want good food and so forth and if you believe that a woman has a right to choose what happens in her own body, in other words, or you think your body belongs to the state, there's a clear choice. how could you thank god that akin and murdoch came out with those extremist views. >> they were extraordinary statements. >> unbelievable
on thes. >> hi, uma, the fiscal cliff may be looming. but both sides are pulting the dial on hold. no deal for the tooks . at times it appeared congress was made but not the case this weekend. house speaker john boehner said he is hopeful, but none theless of as the presidentov dubbinging the fiscal issue in the stapped off. boehner delivered the gop. >> the president has offedy will not do anything to solvelet speppeding problem and begins to the crippling debt. he wants more spending and tax hikes and that will hurt our economy . he refuses to challenge the members of his family to deal with entitlementriform and the big issues that are facing our nation. president obama said a deal could be reached but that appears unlikely. he took off for hawaii and landed with his family for a shorter than usual christmas break. he said he is it a hopeless optmist. he is scaling back and pushing for a tax cut for the middle class and calling for compromise. it can only pass from democrats and republicans and no one gets 100 percent of what they want. everyone has to give a bit in a sensible way. we m
on the fiscal cliff. today president obama called on house speaker john boehner to come back to the negotiating table. >> the american people are a lot more sensible and a lot more thoughtful and much more willing to compromise and give and sacrifice and act responsibly than their elected representatives are. >> now, the first family on their way to hawaii for the holidays. the president says he'll return to washington if there's a deal. >>> there were five funerals in newtown, connecticut, today for two adults and three children. six-year-old olivia engle loved being a big sister and helping her little brother explore. dillon loved chocolate. grace's family says she dreamed of being a painter. >>> we started to see all the ribbons and all your tributes to emily, everywhere, and a lot of you guys don't even know who she is. a lot of you never even met her. >> the last two faculty members were also laid to rest today. rachel's boyfriend was planning to propose on christmas eve. school psychologist mary sherlock was remembered for her devotion to kids in trouble. >>> condolence letters have overw
. >>> meanwhile, stocks had a fiscal cliff selloff. but even a deal in january for the cliff is going to be all right if you ask me. and today's economic numbers pretty darn good. and the gun control debate heats up again today after a controversial nra news conference in washington. the "kudlow report" begins right now. >>> all right. let's first look at the market reaction to this fiscal cliff stuff. jackie joins us with the details. good evening, jackie. >> good evening to you, larry. while markets finished lower on the day, they were higher on the week. the dow up about .5%, the nasdaq higher by 1.7%, and the s&p 500 up by roughly 1.2% over the last five days. meantime in terms of sector performance, the financials, they had a rough day. the plan "b" proposal for the fiscal cliff. up more than 3% for the week. also technology and materials they finished lower on the day, as well, but higher for the week. the worst-performing sectors this week, consumer staples, telco, and health care, and in terms of the individual stocks that we were watching on the s&p 500 nyse was bigger with a 30% upsid
. >>> the january 1 deadline to reach a deal on the fiscal cliff is closing in. the president and congress remain just as divided. here i am. and now they're geographically divided, too. cnn's emily schmidt is in the nation's capital this morning. so president obama's in hawaii. house speaker john boehner and other lawmakers have gone home for the holidays. what does all this mean for the chance of getting a deal done before the deadline? >> reporter: no doubt that president obama went to a warmer climate with the weather and probably a warmer climate politically. if there's any negotiating that will be done now, it will have to be done long distance for the next few days. we know that speaker boehner and president obama spoke in washington yesterday before they left. but when you hear their final words to reporters, it shows there is a continued public divide. >> the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. but the president has -- what the president has offered so far simply won't do anything to
on a deal to avoid the fiscal cliff. the president remains optimistic a deal can get done if both sides are willing to compromise. >> nobody can get 100% of what they want. and this is not simply a contest between parties but in terms whof looks good and who doesn't. they're world consequences to what did he we do here. >> he says is he ready and willing to get a package done measure with spending cuts. president comments came after house speaker accused him of being less than truthful about at approach to the negotiation autos he wants more spending and more tax hikes. that will hurt our kme. he won't deal honestly with entitlement reform and big issues facing our country. v negotiations but influence remains in question after he failed to get his fellow republicans to back his plan b proposal last night. >> we're on storm watch. here is a look at live doppler 7 hd, which is tracking the storm moving through now. sandhya patel is next with how long the rain will last. >> and not a lot of christmas spirit, police used extreme measures to break up fighting over a new pair of sneaker auto
and house speaker boehner left washington without reaching a deal on the fiscal cliff. before heading to hawaii, president obama said he met individually with leaders of the house and senate, asking them to work toward a package that prevents a tax hike on middle class americans. >> this is something within our capacity to solve. it doesn't take that much work. we just have to do the right thing. so call me a hopeless optimist, but i still think we can get it done. >> earlier in the day, speaker boehner held a news conference. a vote on his so-called plan "b" was scrapped thursday night when it became clear it did not have enough support among house republicans to secure passage. >> a situation where because of the political divide in the country, because of the divide here in washington, trying to bridge these differences has been difficult. if it were easy, i'll guarantee you this would have been done decades before. >> joining me now, congressional reporter for "the washington post," ed o'keefe. good to see you. >> good to see you too. any kind of realistic timetable that this will
that no deal has been made to avoid the fiscal cliff. coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a different fight to treat gun violence as a public health epidemic. >> reporter: he is one of hundreds of petitions that sprung up since the tragedy at sandy hook elementary school. >> reporter: as the national rifle association took the podium in washington. >> the only thing that stop as bad guy with a gun is a good guy with a gun. >> reporter: he was pushing a different solution. >> there are
'll close a deal to end the fiscal cliff crisis. taxes for 90% of us will go up in days unless an agreement is reached. president barack obama is now in hawaii for christmas with his family. yesterday, he urged the congress to adopt a stopgap measure to keep benefits flowing to unemployed workers that prevent taxes from rising on income under $250,000 a year. house speaker john boehner, he's home in cincinnati tonight. he failed the get mobs of his -- to get members of his own party to support the plan b. proposal for ending the crisis. today boehner was blaming democrats for the stale mail by refusing to include -- stalemate by refusing to include entitlements in the proposal. >> what the president is offering so far won't do anything to solve the problem. instead he wants more spending and more tax hikes that will hurt the economy. and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we find ourselves here today. >> president said on friday that since the deal has not been reached he wou
into our newsroom we will show you. >> and with no deal in place to prevent the looming fiscal cliff, president obama says goodbye dc. aloha, hawaii. >> smart move. >> good call. good swap. is it really time to cool off and drink some eggnog? cool off in hawaii? or is it grudge time? [ laughter ] warm up wheel of fortune may be a misforeign. i would like to solve. >> seven swans aswimming. >> military woman uses it all because she forgot to pronounce the g instead of swimmen it's swimming. >> that is ridiculous. >> send us emails and tweets on that one. >> it's have a vanessa williams. enjoy your holidays from "fox & friends." >> that is ridiculously low. >> that must have been a prank. >> we're just chillen. >> everybody drops their g's or a lot of people do. >> they are very specific on those things that and wheel of fortune and jeopardy. have you got to put the word in there, the the in there. you can't just miss those things. >> we start this morning with new meaning for the term home for the holidays. taken on entirely new meaning for one family of that marine veteran you all kn
holidays. >> reporter: -- on friday the focus was on the fiscal cliff. mr. obama conceded a large deal may now be impossible but urged congress to at least prevent taxes from going up on middle class americans while extending unemployment insurance and laying the groundwork for deficit reduction. >> i expect democrats and republicans to get back to washington and have it pass both chambers. and i will immediately sign that legislation into law. >> reporter: house speaker john boehner also headed home after a bruising week. his own conference refused to back his proposal, which would have allowed taxes to go up on the wealthy, delivering a stinging blow to his leadership. today he faulted the president and congressional democrats for the impasse. >> unfortunately, the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. >> reporter: the prospects for a deal remain grim. on friday senate republican leader mitch mcconnell said his strategy forward is unclear, but stressed time is running out. >> the u.s. e
the super bowl deal in fiscal cliff that we're talking about that should come in the beginning of february when voters realize how much smaller their paychecks are and mgm is having a year end clearance sale at the citi center property. monetizing. monetizing. then there's the balance sheet. this may be the single most important point of the story. when jim took over mgm's balance sheet was hideous. it was just awful. in 2009 the company was in vital of its debt covenants. the company was given time to get its house in order. fast forward to earlier this month. mgm announced 4.8 billion refinance of debt. they replaced it with new lower rate senior notes and term limits. this is what you really look for. this is a huge, huge deal. okay. for caesar's i want to buy bonds but here i want to buy the common. mgm stock popped on the news of the refi. i think it puts a floor in the stock at ten and two bucks below where it is right now and they should pay $4 billion in debt in the next five years clearing up the balance sheet. let's talk about china. mgm owns 51% of the chinese subsidiary which i
on a deal to avert the fiscal cliff. >> a blizzard is pounding the upper midwest, causing havoc on the roads and leaving thousands of residents without electricity. the national weather service has blizzard and winter storm warnings in effect through at least tomorrow night. here's a look at the near whiteout conditions in williamsburg, iowa. the high winds are expected to continue overnight. the blizzard conditions stretch from nebraska up through southern wisconsin. >> coming up, turned the holiday season to not let that the chp catch you writing. hriding -- dirty.. >> the bay area's favorite way to ring in the new year. is always with kron 4. the biggest parties and spectacular fireworks. will all be on kron 4's new year's live show. it is hosted by catherine heenan and gary radnich. kron 4's - new year's live. starts at 11-30 on new years eve. (music) >> pam: now for today's market update. as anticipated. stocks took a nose dive after house republicans called off a vote on raising taxes on the wealthy last night. on wall street. the dow closed the day down 120 points. it had lost as much
days left for congress and the white house to make a deal and avoid the so-called fiscal cliff. the first family arriving in hawaii for the christmas holiday there, you see president getting off the plane, but before he left, president obama urged republicans and democrats alike to get it done. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans. >>> and the national rifle association promised meaningful contributions to avoid another tragedy like the one in newtown, connecticut. friday, the gun rights group unv
of the white house and capitol hill, but the people who could get a deal done on the fiscal cliff impasse, well, they're not there. lawmakers have gone home for the holiday recess. and president obama and the first family arrived in hawaii just a short time ago. the president and lawmakers are expected to return thursday after the christmas break. before leaving washington, mr. obama and house speaker john boehner both expressed hope that a deal will actually get done. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle that the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on -- how we get there, god only knows. >> i asked for a compromise from members of congress, i met them more than halfway on spending and met them halfway on taxes. in terms of actual dollar amounts, we're not that far apart. as of today, i am still ready and willing to get a comprehensive package done. >> but time is running out. to reach an agreement, there are now just ten
a deal on the looming "fiscal cliff" so that means there are now just 10 days remaining until the automatic tax hikes and spending cuts kick in january 1. disagreements over how much to raise the taxes and cut spending continued to separate democrats and republicans. president obama called on house speaker john boehner to come back to the negotiating table and avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> the remarks came after speaker boehner failed to gather enough of his party's support to bring his so-called plan b to the floor for a vote. his proposal would have effectively raised taxes only on those americans making more than a million dollars a year. house and senate members will be back at the capital on december 27th looking for that solution. >>> wall street worried about the "fiscal cliff" talks, stocks closed sharply lower today. the dow dropped more than 120 points. the nasdaq fell 29 points. the s&p dropped, as well. >>> california cannot stop people from using the so-called conversion therapy to tr
a "fiscal cliff" compromise on -- leave for the holidays and leave a "fiscal cliff" compromise on hold. what's left to find common ground with only days to make a deal. >> a milestone for california's jobless. the new number and where unemployment is still double the national average. >> an annual pampering for the mom. ,,,,,,,, president and congress are headed home for vacation. t president did offer a finala for a resolution... cbs repr >>> 10 days until the country falls off the "fiscal cliff." washington is going home for christmas. tara mergener on the president's parting thoughts. >> reporter: president obama called on house speaker john boehner to come back to the negotiating table to avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> reporter: the house did not even vote on speaker john boehner's proposed plan b because it didn't win enough republican support. >> good morning, everyone. >> reporter: the speaker says the ball is in the president's court. >> unless the president and congress take action, tax rates will go up
the future is ending. that is when you see all the problems with the fiscal cliff, the debt deal from last year, the cr -- all of these issues of tax rates and spending are hitting because people do not want to continue to steal from the future to pay for now. host: stephen dinan was the the at theics editor washington times. he covered the legislature in virginia. he has a bachelor's from the university of virginia. in the new york times this morning, there was an article with the headline, boehner finds the speaker's chair can be lonely. republicans fell 20 votes short of those needed to pass mr. boehner's bill that would make permanent musharraf tax cuts for households under $1 million per year -- make permanent the bush tax cuts for households under $1 million per year. the republican team could not bring enough members on board even though many of those who declined to support the measure told republican leadership that they secretly hoped it would pass. ixion's like some of these guys -- the speaker and the majority -- it sounds like some of these guys who the speaker and the majorit
reached to avert sought called fiscal cliff, he would be coming back to washington after christmas. >> so where did that leave things terms of the fiscal cliff? here's l jonathan karl. >> congress not a creature is stirring. no deal is in sight. with deadline looming and seemingly no hope anywhere, the president made one last appeal tonight before washington goes on vacation. >> as we leave town for a few days to be with our families, through the holidays, everybody can cool off. everybody can tl drink some egg nog. now is not the time for more self inflicted wounds. certainly not those coming from washington. >>reporter: but the 2 sides don't even seem to be trying any more. what are we going to do now. >> i'm interested in solving the major problems that face our country. and that means house leaders senate leaders and the president are going to continue to have to work together to address those concerns. >>reporter: speaker boehner says the only way out is a deal that cuts spending and reforms the tax code but even he seemed to suggest that is virtually impossible now. >> how w
the hour. a look at your headlines here on cnn. the fiscal cliff just ten days away, with no deal in sight, as we look at live pictures of the capitol in washington. president barack obama, house speaker john bane are now thousands of miles away from each other. boehner back home in ohio. the president and his family in his native hawaii. he is planning to return to washington after christmas. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that's a class action settlement amount. they agreed to pay to about 100,000 businesses and individuals for the biggest oil spill in american history. a federal judge formlized the settlement yesterday. a lot of gulf coast residents opted out of the class action suit and are pursuing lawsuits of their own. >>> a former marine who spent more than four months in a mexican prison is free today, and heading home to florida. jon hammar was locked up in august on weapons charges. his family says he was physically abused in custody, threatened and chained to a bed and never saw a judge. u.s. lawmakers and diplomats got involved on ha
'll be watching that. >> alexandra, thank you very much. >>> if the u.s. goes over the fiscal cliff, how are america's business leaders going to react? and if they could force the politicians into a deal, what would it include? >>> and later, some legal advice on how previous supreme court decisions might impact new gun laws now under consideration. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> one thing business owners hate more than just about anything is uncertainty. and if politicians in washington have done anything, it's create the ultimate climate of uncertainty regarding the fiscal cliff. todd mccracken is president of the national small business association. he joins me from washington, d.c. todd, if no deal is reached by the end of the year, a lot of people predict spending will slow down. how will business owners r
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